{"id":1004724509,"date":"2024-08-07T22:02:13","date_gmt":"2024-08-08T06:02:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004724509"},"modified":"2024-08-07T22:02:15","modified_gmt":"2024-08-08T06:02:15","slug":"river-rise-capital-makes-18m-purchase-in-denver","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/","title":{"rendered":"River Rise Capital Makes $18M Purchase in Denver"},"content":{"rendered":"
\n
\"Rampart<\/a>
The 100,455-square-foot property includes two single-story office buildings . Image courtesy of JLL<\/em> Capital Markets<\/em><\/figcaption><\/figure><\/div>\n\n\n

River Rise Capital has purchased Rampart Center, a 100,455-square-foot two-building office campus in Englewood, Colo., within Denver\u2019s Centennial submarket. The property traded for $18 million.<\/p>\n\n\n\n

JLL Capital Markets negotiated on behalf of the seller, Libitzky Property Cos. The property is 94 occupied by five tenants working in a variety of industries, with JRF Ortho, The Village Workspace and DaVita Inc. among them, according to CommercialEdge.<\/p>\n\n\n\n

Rampart Center previously changed hands in 2020 for $14.5 million, when Libitzky Property Cos. picked up the asset from LBA Realty, Arapahoe County records show.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO<\/strong>: CRE Outlook Remains Stable Despite Headwinds<\/a><\/p>\n\n\n\n

\n\n\n\n

Rampart Center comprises two single-story office two buildings at 7173 and 7245 S. Havana St. The Class B campus came online in 1999 and features 14-foot ceiling heights and options for other uses, such as R&D, shared office or medical office. Recent improvements at the property include the addition of a fitness center.<\/p>\n\n\n\n

The approximately 10-acre office property is close to Centennial Airport and to Interstate 25, in an area with multiple retail, entertainment and dining options. The campus is 16 miles from downtown Denver and 31 miles from Denver International Airport. <\/p>\n\n\n\n

The JLL Capital Markets team that negotiated on behalf of the seller included Senior Director Sean Whitney and Managing Director Larry Thiel.<\/p>\n\n\n\n

Slow investment activity<\/h2>\n\n\n\n

In the first six months of 2024, there were $215 million in office investments in Denver, a recent CommercialEdge report <\/a>shows. The number marked a 60.6 percent year-over-year drop, mirroring a nationwide slowdown. <\/p>\n\n\n\n

Office properties changed hands for an average sale price of $125 per square foot, below the national figure of $172. Across Western metros, Denver’s average sale price per square foot was the lowest, with Los Angeles’s $362 per square foot leading the ranking, followed by San Francisco’s $324.<\/p>\n\n\n\n

A recent deal in the metro is Cress Capital’s acquisition of The 410<\/a>, a 24-story office tower in downtown Denver. The company purchased the loan on the 440,000-square-foot asset, then later negotiated a deed-in-lieu of foreclosure with the previous owner.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two-building property previously changed hands in 2020.<\/p>\n","protected":false},"author":2991,"featured_media":1004724532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21783,21742,21747,15],"tags":[44006,52469],"class_list":["post-1004724509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-investment","category-latest","category-office","category-west","tag-jll-capital-markets","tag-river-rise-capital"],"acf":[],"yoast_head":"\nRiver Rise Capital Makes $18M Purchase in Denver - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"River Rise Capital purchased a 100,455-square-foot, two-building office campus in Englewood, Colo. for $18 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"River Rise Capital Makes $18M Purchase in Denver\" \/>\n<meta property=\"og:description\" content=\"River Rise Capital purchased a 100,455-square-foot, two-building office campus in Englewood, Colo. for $18 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-08T06:02:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-08T06:02:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1996\" \/>\n\t<meta property=\"og:image:height\" content=\"1496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/\",\"name\":\"River Rise Capital Makes $18M Purchase in Denver - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg\",\"datePublished\":\"2024-08-08T06:02:13+00:00\",\"dateModified\":\"2024-08-08T06:02:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"River Rise Capital purchased a 100,455-square-foot, two-building office campus in Englewood, Colo. for $18 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg\",\"width\":1996,\"height\":1496,\"caption\":\"Rampart Center. Image courtesy of JLL\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"River Rise Capital Makes $18M Purchase in Denver\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"River Rise Capital Makes $18M Purchase in Denver - Commercial Property Executive","description":"River Rise Capital purchased a 100,455-square-foot, two-building office campus in Englewood, Colo. for $18 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/","og_locale":"en_US","og_type":"article","og_title":"River Rise Capital Makes $18M Purchase in Denver","og_description":"River Rise Capital purchased a 100,455-square-foot, two-building office campus in Englewood, Colo. for $18 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-08-08T06:02:13+00:00","article_modified_time":"2024-08-08T06:02:15+00:00","og_image":[{"width":1996,"height":1496,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/","url":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/","name":"River Rise Capital Makes $18M Purchase in Denver - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg","datePublished":"2024-08-08T06:02:13+00:00","dateModified":"2024-08-08T06:02:15+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"River Rise Capital purchased a 100,455-square-foot, two-building office campus in Englewood, Colo. for $18 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg","width":1996,"height":1496,"caption":"Rampart Center. Image courtesy of JLL"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/river-rise-capital-makes-18m-purchase-in-denver\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"River Rise Capital Makes $18M Purchase in Denver"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Rampart-Center-sm-e1723031756499.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004724509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004724509"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004724509\/revisions"}],"predecessor-version":[{"id":1004724752,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004724509\/revisions\/1004724752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004724532"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004724509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004724509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004724509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}